Medium- and heavy-duty truck aftermarket sales rose 6.2 percent in 2005 and will continue a three-year growth trend, reaching $73.9 billion in 2006, according to a new study by the Automotive Aftermarket Industry Association and the Heavy Duty Distribution Association.
Following relatively flat growth in 2001-2003, when annual increases were less than 1 percent, medium- and heavy-duty aftermarket sales picked up in 2004.
The study pegs the increase on several reasons, among them: rising Class 4-8 vehicle sales, increases in the average miles driven, 2.5 percent growth in truck registrations since 2000 and the nation’s growing need for truck transport.
The results are published in the AAIA and HDDA’s 2006 Medium & Heavy Duty Aftermarket Profie. For more information, go to www.aftermarket.org.